US debt ceiling, gov shutdown and Speaker of the House fight

Welcome to the Precious Metals Bug Forums

Welcome to the PMBug forums - a watering hole for folks interested in gold, silver, precious metals, sound money, investing, market and economic news, central bank monetary policies, politics and more.

Why not register an account and join the discussions? When you register an account and log in, you may enjoy additional benefits including no Google ads, market data/charts, access to trade/barter with the community and much more. Registering an account is free - you have nothing to lose!

Patriot Nurse

🚨 Trump's Big Beautiful Lie​

Trump’s “Big Beautiful Bill” isn’t what it seems.
If you thought we were headed for fiscal responsibility, state sovereignty, and smaller government—you may want to sit down. In this episode, Patriot Nurse unpacks the truth behind the bill that's leaving even die-hard supporters stunned. What does it mean for your future, your finances, and your freedom?
⚠️ There’s more in this bill than anyone’s talking about—from AI power grabs to mysterious "newborn accounts." What really just happened in D.C.? Why are so many voices—from MAGA moms to libertarians—feeling betrayed?
👀 Watch to the end, and decide for yourself.
💬 Let us know your take in the comments—especially if you see it differently.


18:47
 
A few laughs w/Michael C

Trump ERUPTS as Musk’s MAGA BACKSTAB Goes NUCLEAR​

Jun 6, 2025
Michael Cohen reacts to the Trump–Musk civil war and how it’s unfolding exactly as he predicted.


12:56
 
This crap is all over youtube. Here's a title that's hysterical:

Musk BACKSTABS Trump with EPIC Tweet from Hell!​

 

Deportations to Add Almost $1 Trillion in Costs to the “Big Beautiful Bill”​

The House of Representatives recently passed its budget reconciliation spending bill, the One Big Beautiful Bill Act (H.R. 1). The bill changes numerous aspects of tax and spending law, but its most significant spending increases are for immigration. The Congressional Budget Office (CBO) estimates the bill will direct an astounding $168 billion of the budget to immigration and border law enforcement, and there is even more for agencies that indirectly support immigration law enforcement.

However, the CBO’s cost estimate is deficient in three ways. First, CBO assumes that all this increase is temporary, and second, it will happen gradually over the next 10 years, rather than in an immediate, reckless spending spree. Most importantly, it neglects the more significant cost of removing immigrants who would have paid more in taxes than they received in benefits. Properly considered, the actual cost of H.R. 1’s immigration enforcement spending is nearly $1 trillion more than the CBO estimates. When seen in the context of the overall costs of the bill, mass deportation would account for almost a quarter of the bill’s total price tag.

More:

 
Voodoo said:
I mean we have some of the photos and know they knew each other. I just can't figure it out but this all seams scripted...
Click to expand...
yep seems scripted to me also.....would be a good way to flush out some opponents and rinos .....but who knows

also might be a scripted ruse to take pressure off of elon and his companies etc
 
searcher said:
Most importantly, it neglects the more significant cost of removing immigrants who would have paid more in taxes than they received in benefits.
Click to expand...
No, it is not "most importantly". Illegal immigrants should not be here. Government should not be a profit making entity, but something we pay to enforce our laws (and other things.) It is a cost.

Should a court refuse to prosecute a petty shoplifter because the court costs are greater than the theft?
If a man murders someone disabled or retired and getting large payments from the government, should the murder be excused because it saves government money?
 

Senate Republicans Plan to Release Major Revisions to Trump’s Tax Bill​

(Bloomberg) -- Senate Republicans intend to propose revised tax and health-care provisions to President Donald Trump’s $3 trillion signature economic package this week, shrugging off condemnations of the legislation by Elon Musk as they rush to enact it before July 4.

The Senate Finance Committee’s plan to extract savings from the Medicaid and — perhaps — Medicare health insurance programs could depart in key respects from the version of the giant bill that narrowly passed the US House in May. The release of the panel’s draft will likely touch off a new round of wrangling between fiscal conservatives and moderates.

More:

https://www.msn.com/en-us/news/poli...trump-s-tax-bill/ar-AA1Gm0gX?ocid=socialshare
 
searcher said:

Musk And Trump Alliance Implodes: Trump Threatens To Revoke Musk’s Government Contracts​

President Donald Trump suggested he could revoke Elon Musk’s government contracts Thursday as their alliance imploded in a very public fashion over the course of several hours Thursday in a feud over Trump’s signature policy bill.

“The easiest way to save money in our Budget, Billions and Billions of Dollars, is to terminate Elon’s Governmental Subsidies and Contracts. I was always surprised that Biden didn’t do it!” Trump wrote on Truth Social, amid a barrage of attacks from Musk.
Trump’s threat came after Musk accused Trump of “ingratitude” and said he would have lost the election without him, after the billionaire donated more than $250 million to help elect him last year.

More:

https://www.msn.com/en-us/news/poli...rnment-contracts/ar-AA1G9X5Z?ocid=socialshare
Click to expand...

Looks like Musk has had a change of heart. Are the drugs wearing off? Was he threatened? Is he sacred trump will nationalize hic companies and take his $$$$?

Elon Musk says he regrets some social media posts he made about Trump​

Tech billionaire Elon Musk on Wednesday said he regretted some of the social media posts he made about U.S. President Donald Trump last week during an explosive public dispute with his former close ally.

The feud dissolved a tight partnership that had propelled Musk to spearhead the budget-slashing Department of Government Efficiency (DOGE) under Trump’s second administration, fueling market concerns over the outlook for the tech tycoon’s Tesla and SpaceX businesses.

Musk’s Tesla saw its biggest ever hit to its market cap in the aftermath of the feud, but shares have since been recouping losses.

More:

 
^^^^^^

Elon’s 3AM Walk of Shame Over Trump​

Jun 11, 2025 Bulwark Takes
Andrew Egger and Will Sommer break down Elon Musk’s 3AM apology to Donald Trump after pushing Epstein conspiracy theories. What started as a slapfight turned into a loyalty test and the MAGA influencers are scrambling.


12:17
 
The bill will put a floor on PM prices. Expect 7% annual inflation over the next ten years even though it will be reported lower.
 

Senate GOP slashes megabill's tax costs with new accounting method​

Tax legislation recently unveiled by Senate Republicans only costs $441 billion when tallied using a novel accounting method requested by the GOP.

The new estimate by the Joint Committee on Taxation, which was released late Saturday night, shows how Senate Republicans were able to slash the costs of sweeping tax legislation set to be included in the GOP's sweeping megabill by using a "current policy baseline" — a never-before-used technique that wipes out the cost of extending existing tax cuts that are set to expire at year's end.

More:

https://www.msn.com/en-us/news/poli...ccounting-method/ar-AA1Hc3L2?ocid=socialshare
 

Senate bill hastens end of wind, solar tax credits and imposes new tax​

WASHINGTON (Reuters) -The latest version of the Senate's massive budget bill that the Senate is racing through for a vote as soon as Saturday deals a fatal blow to the use of tax credits in place since 2005 to spur more wind and solar energy and would set a new tax on those projects for the first time, renewable energy proponents said on Saturday.

Despite hopes earlier in the week that the Senate would rework the budget megabill's language about the future use of Inflation Reduction Act tax credits to extend their use and make them more usable, the new version of the bill introduced by Senate leadership overnight will effectively repeal the incentives for solar and wind immediately.

Instead, it imposes a new tax on wind and solar projects completed after Dec. 31, 2027 if they cannot prove they have not used any Chinese components, while offering a new tax break for coal production.

More:

https://www.msn.com/en-us/news/us/s...-imposes-new-tax/ar-AA1HBH1O?ocid=socialshare
 

Senate Narrowly Advances Trump’s Tax and Spending Megabill​

WASHINGTON—The GOP-controlled Senate voted late Saturday to advance President Trump’s tax-and-spending megabill despite two Republican defections, narrowly clearing one procedural hurdle and offering a stark preview of the difficulties party leaders face in passing the sprawling measure.

The initial vote on the One Big Beautiful Bill Act was 51-49, with most Republicans in favor and all Democrats opposed, putting the Senate potentially on track to pass the bill by Monday after a day of debate and amendments. GOP Sens. Rand Paul (R., Ky.) and Thom Tillis (R., N.C.) broke with their party to vote against advancing the bill. The revised text of the 940-page Senate bill was released late Friday night and is likely to keep changing.

Trump wants the bill passed by the Senate and the House and on his desk by a self-imposed deadline of July 4.

More:

https://www.msn.com/en-us/news/poli...pending-megabill/ar-AA1HAQ2O?ocid=socialshare
 
You must log in or register to reply here.
Back
Top Bottom